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Gold Declines to Limit Weekly Gains

M. Ali 9 April, 2021 11:00 pm Commodities, Market Update

Gold prices declined on Friday, as the U.S. Dollar (USD) rose across the board supporting by rising Treasury bond yields.

Today’s decline limited the yellow metal’s weekly gains

Gold futures for June delivery decreased by $13.40, or 0.8%, to close at $1,744.80 per ounce.

For the week, gold’s most-active contracts increased by about 1%.

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